Step by Step Solutions

[Steps Shown] Supply The willingness of answering machine producers to supply can be modeled by the following function: S(p)= \begincases0 \text thousand

Question: Supply The willingness of answering machine producers to supply can be modeled by the following function:

\[S(p)= \begin{cases}0 \text { thousand answering machines } & \text { if } p<20 \\ 0.024 p^{2}-2 p+60 \text { thousand } \\ \text { answering machines } & \text { if } p \geq 20\end{cases}\]

where answering machines are sold for \(p\) dollars. answering machines will producers

  1. How many supply when the market price is $\$ 40 ? \$ 150 ?$
  2. Find the producers' revenue and the producers' surplus when the market price is $\$ 99.95$.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in